Chapter 1068: Heaven and Hell

Heaven and Hell

If it were at normal times, Kuber's stockbroker might still choke with them a few times to prove that he is not a soft egg.

But now, the situation is different. He looked around the trading hall. People were watching the changes on the cards. Before the market opened, there would be some announcements for publicity, among which was the announcement of Hope Mining suspending trading and waiting for review.

This made the stockbroker's face look even worse. At this moment, he was like someone whose soul had been drawn out! Everyone who held Hope Mining's stock in their hands had the same color on their faces at this moment.

The stockbroker had completely lost hope in his eyes. He turned and left the trading hall, while Kuber just glanced at him and cast his gaze toward a place where a group of people were gathered in the distance.

He took the initiative to walk over. Here were people from the Financial Security Management Committee, who were explaining some situations to angry and terrified investors.

"... What I can say is that we have already begun to investigate this incident. Any progress will be disclosed to you and to society at the first time."

"Before this, actually, I am the same as you, just received the committee's notification, they gave me a response draft, and I also don't know what happened."

"As for the compensation and other issues you mentioned, it is very difficult for me to give you any answer. The purpose of locking trading now is to better help us count the victim group and the amount involved in the case."

"And this stock and its company have clearly violated the Financial Security Act and the Trading Act, so even after we complete the registration and statistics, we will not open trading for it."

"We are counting the assets currently owned by Hope Mining Company. After completing the process, these assets will be cashed out and then compensated according to the percentage of circulating shares you hold in your hands."

Kuber also wanted to ask something, but after opening his mouth, he found he didn't know what he should ask. What he wanted to know, this person had already said.

Even what he didn't think of, the other party also said. What else could he say? He didn't know what he should say.

After waiting for a good while, he asked, "Then about how much money can you compensate us?"

That official looked at Kuber, maybe because he felt Kuber was pleasing to the eye, or maybe because the question Kuber asked was a question everyone wanted to know. He showed a smile, "We will announce this later, including asset evaluation and cashing out, which will all be conducted publicly. Please pay attention to the publicity content on the Trading Daily and Financial Magazine."

An investor who also bought Hope Mining beside Kuber turned his head to look at him, "Don't expect them to give you much money."

"Maybe a few cents, or even not a few cents."

Kuber felt somewhat unbelievable. He is not considered a senior investor, nor has he experienced such things. Looking at his blank face, that person continued, "This kind of scam company may only have tens of thousands of dollars in assets now, or even not tens of thousands."

"But this money has to be divided by many people, divided into tens of thousands of parts."

"The percentage of circulating shares you hold in your hands is ten-thousandths, so you can get that much, which is a few cents, no more!"

Such things are not the first time they have happened. The Financial Management Committee side already has mature practices, plus past cases, this set of things is very easy to use.

Kuber's heart kept sinking. He opened his mouth, "Is it possible... everything is just an accident, for example, we got something wrong?"

The person beside him shook his head, "Not very likely, friend."

"If it were just a misunderstanding, the Financial Management Committee would not intervene."

"Once they intervene, it represents the final result."

That person said somewhat curiously, "How many shares did you buy?"

Kuber laughed twice. When speechless, people really suddenly have an urge to laugh. He shook his head, "Not much, how about you?"

A smile also appeared on that person's face, "Actually, I didn't buy."

He saw the confusion in Kuber's eyes, so he explained, "At noon, they will treat us to a lunch, maybe there is dinner, you know..."

"Even Detelan's fast food is much better than other places!"

Kuber probably understood what this guy was doing, a professional freeloader.

There are quite a few such people on this street in Detelan, also because the whole street is full of financial companies, and the living environment of these financial elites, their requirements for life must be much higher than other places.

Take the hot dog stall here, the hot dog sausages here are bigger, longer, and there are more meat particles inside. Of course, the price is also more expensive than other places.

Financial elites don't care about spending a little more money. They only want the best!

Various celebration activities often appear here. There will always be people making crazy money. After making money, they want to vent their emotions, treat passersby to dinner, or hold some celebration activities. These are all good opportunities to freeload.

And there are many companies here that will do roadshows, do promotion activities on the roadside, all aspects, and they will also provide some prizes and food.

There was a book before, called "How I Became a Millionaire." The writer in this book, which is the protagonist in the book, started from a young man who helped others run errands here to earn a little pocket money, and finally became a millionaire! This bestseller also let many people have a more comprehensive understanding of the unique ecological environment of Detelan.

Hearing that the other party was just here to freeload, Kuber's mouth twitched. He couldn't show much smile now.

Before, he thought the other party was a victim like him. Now he understands that this person is just here to watch the fun.

He looked at the noisy crowd again, then turned and walked slowly toward the outside. He needs to be quiet, needs to think clearly, how to solve the tricky problem now.

All assets became waste paper overnight. How can he explain to his wife, how can he explain to his family? Besides, he also needs to find the stockbroker, talk to him, and see if there are any other remedial measures and methods.

At the same time, in a manor in the suburbs, they are holding a banquet.

People in the upper class are either holding banquets or attending banquets in their time outside of work.

These ladies and gentlemen in formal wear are constantly raising their glasses to drink the expensive golden sparkling wine!

Today is a good day!

President Edward put down the champagne glass in his hand. He looked at the guests who came to attend this banquet around him, and the ruddy luster smile on his face seemed to be able to shine!

"Ladies and gentlemen, this time we obtained more than 200 million in profits from the market..."

The ladies and gentlemen here applauded immediately, lasting for a long time like thunder, and some people whistled, making it not look like a banquet, but more like the scene of a sports match, those audiences who are cheering for the contestants.

President Edward has been laughing, laughing from ear to ear. After the applause lasted for a while, he raised both hands, signaling everyone to be quiet.

"So, today here, our only requirement is to be happy!"

Accompanied by many young men and women entering the hall, fast-paced music full of passion sounded, and the whole scene became an ocean of happiness! Lan stood in a relatively far position, holding a wine glass in his hand, watching everything that happened here.

The whiskey used for today's banquet is Gold Label Whiskey, which is also the best whiskey that can be taken out of the liquor company under his name.

This can also be considered a kind of... cooperation? Under the stimulation of the most primitive desires, under the stimulation of alcohol, tobacco, and even ghost-face mushrooms, many people put on simple masks and exposed their craziest side! An unprecedented, huge orgy party!

Of course, there are also some people who, like Lan, chose to watch from the sidelines.

You can not like it, not participate, but there is no need to stop others from enjoying these.

President Edward came to Lan's side after dealing with some people.

Lan nodded slightly, which was considered a greeting.

President Edward looked at everything that happened here and asked with a smile, "Not interested?"

Lan did not deny, "Carnal desire is the lowest desire, Mr. President."

This answer was somewhat beyond President Edward's expectation. He was stunned for a moment, then couldn't help laughing, "A very interesting way of refusal, perhaps next time I can also use it."

"This time our cooperation was very perfect. I calculated it, and we obtained a total of more than 370 million in profits."

"How much money do you think you can get?"

Lan picked up the wine glass and took a sip, "Don't know, about 20 or 30 million?"

This is actually not a very complicated math problem. He can frame a rough range, but for more detailed numbers, he needs to calculate it.

"28 million," the smile on President Edward's face ran through the entire banquet, "I took a whole number for you."

President Edward continued to add, "Legal investment return, I have already handled the tax for you. You can transfer it to any account you want to deposit into, any bank."

New Jincheng is the largest financial center in the Federation, and also the largest money laundering center in the Federation. Money laundering through stocks and private equity funds has always existed and is very difficult to trace clearly.

Actually, those bearer bonds issued by the federal government are also a channel for money laundering, but now these traditional money laundering channels are even worse compared to financial investment.

The standard tax rate for capital gains tax currently implemented by the Federation is 12.5%, but this tax rate still has ways to continue to decline. This involves some tax reduction and exemption policies, as well as some conflicts between local states and the Federation.

When local laws conflict with federal laws, without violating the Constitution, the local laws of the case are the benchmark.

In other words, if a local law stipulates a lower tax rate, that is, when the profit generated by financial investment is less than 1 million, it only needs to pay 7% tax (old tax law).

Plus the "long-term holding" reduction policy, this money finally only needs to pay about 4% to 5% tax.

A federal system country will inevitably have such problems and loopholes. Some states, in order to attract some capital to their own state to pay taxes, establish companies, and increase jobs, sometimes know that doing so is drilling the loopholes of federal law in a sense, but they will still do so.

This 5% tax benefit doesn't seem to be much, but what if the base is in the billions? 5% of 1 million is only 50,000, but 5% of 10 billion is 500 million. In order to save another 750 million in taxes, those capitalists will try every means to conduct final settlement in states with low tax areas.

After these monies pay taxes and become clean, and then are remitted to the designated bank account, they escaped at least 7% of taxes.

How to legally avoid taxes in the Federation has always been a very big voice, and may even involve an economic game at the state government level.

A little smile also appeared on Lan's face, not much, just a little, "A good piece of news!"

President Edward was somewhat surprised, "Is it because you feel it is too little, compared to our overall income?"

Lan shook his head, "No, actually it is indeed a lot, but for me, clean and unclean, actually don't have much difference."

At this time, President Edward suddenly realized what Lan does. The possibly largest private liquor producer in the Federation currently, it is said that Lan's daily profit is more than 1 million! In this way, such a sum of income indeed cannot arouse his interest.

"Sometimes I really envy your businesses. The machines in the banknote printing factory work around the clock, and maybe they can't produce so much money."

"If there are any businesses we can cooperate with in the future, you can consider me, even if the shares are a little less."

President Edward is not joking, but he is not very urgent either, because finance is also one of the most profitable businesses currently.

As long as one can completely abandon personal moral bottom lines and possess the determination to dare to trample on the law, coming to harvest investors can also make them achieve amazing income.

Lan nodded, "If there is a good project, I will."

President Edward took a deep breath, "I'll go and chat with others. They are also waiting for this good news from me."

Lan bumped glasses with him, "Please feel free."

President Edward then took a sip of champagne, nodded to signal, and left.

The entire banquet scene was filled with an atmosphere of rising desires. Even if you close your eyes, you can feel people's endless desires intertwined and fused here.

No one cares about the problems those investors will encounter after harvesting a few hundred million this time. For them, that is just something that happened to "others," and has nothing to do with them.

They only have countless numbers constantly pouring into their accounts, even if these numbers have no specific realistic meaning to them.

However, the essence of life is like this, and everyone is pursuing changes in numbers and enjoying it.

(End of chapter) ===== CHAPTER 1069 =====